The marijuana industry looks like the fastest-growing job market in the country

  • 📰 CNBC
  • ⏱ Reading Time:
  • 59 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 27%
  • Publisher: 72%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Pot manufacturers and distributors saw massive job creation in 2018, with 64,389 new positions added to the rolls.

At a time when the rest of the labor market appears to be tightening up, the marijuana industry is just getting started when it comes to job creation, according to a recent report.

Hiring slowed to a crawl in February, with the payrolls growing by just 20,000. That came even though the BLS said there were 7.3 million job openings against just 6.3 million considered unemployed in December, the most recent month for which data were available. Because there is no official count the report had to use some unconventional methods to estimate the jobs total. They utilized state data, industry surveys, information from operators, proprietary data and other economic formulas.

"US marijuana legalization is a rare example of disruption creating jobs rather than destroying them," Nick Colas, co-founder of DataTrek Research, said in a note Thursday that highlighted some of the cannabis jobs data."With the US labor market recently showing signs of weakness and fears of an eventual recession in the wings, this is one industry that might soften the blow of an economic downturn.

Along with the bottom-line gains, the industry's growth also offers an alternative to the push for young Americans to get a college degree, which has led to an explosion of student loan debt that now totals nearly $1.6 trillion.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

ROLL ANOTHER ONE! JUST LIKE THE OTHER ONE!!!

Wait till legalization on a Federal Level is approved. CBD painkillers, appetite inducers ,CBD Sleeping aid, CBD anesthetics , liver friendly capsules will create a new pharmaceutical juggernaut. PotCoin TheHempCoin DopeCoinGold ParagonCoin TokesPlatform btc Crypto

So disappointing. This is the best we can do in 2019? I guess on the flip side, it is taking jobs from the black market / cartel and making them tax paying jobs with transparency.

No shit.

While ppl of color waste away in jails with marijuana charges.

Hoping to cash in on this

Americans want to spend the rest of the Trump presidency stoned.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Opinion | Marijuana convictions must be expunged before companies profitFor Amazon-owned Whole Foods to get the right to sell a single pot brownie, every non-violent marijuana-related conviction must be thrown out. THINK It needs to be federally mandated. THINK Possession of cannabis is still a federal felony. Congress doesn't care to fix this. THINK Here come the socialist dictates...
Source: NBCNews - 🏆 10. / 86 Read more »